Blockchain security firm CertiKreceived a $500,000 reward from the Sui network after identifying a threat with the potential to disrupt the Sui blockchain.
In the announcement sent to Cointelegraph, the CertiK team said, HamsterWheel He stressed that the so-called vulnerability differs from traditional attacks that focus on stopping blockchains by crashing nodes. This attack traps nodes, allowing them to transact without committing new transactions.
Sui Takes Steps to Avoid Potential Harms
After discovering the vulnerability suiResponding to CertiK’s security threat, the Sui network has implemented fixes to prevent potential damage to the blockchain from the attack.
Following the developments, Sui awarded the security company a $500,000 reward in recognition of CertiK’s efforts. According to CertiK, this highlights the importance of bug bounty programs and proactive security efforts. CertiK chief security officer, who made a statement on the subject Kang LiHe said threats to blockchain networks are constantly evolving.
“The discovery of the HamsterWheel attack demonstrates the evolving sophistication of threats to blockchain networks,” Li continued. According to the statements made, more technical details are expected to be announced and made available in the future.
